Buzzing Stocks: Corporation Bank, Suzlon gain, while Tata Motors drops

Bussing stocksCorporation Bank soared 13% to Rs 47.65 on the BSE after the bank posted a net profit of Rs 206 crore for the quarter ended September 30, 2016 as compared to Rs 188 crore for the quarter ended September 30, 2015.

Hindalco Industries zoomed 3.8% after the company posted a net profit of Rs 439.7 crore for the quarter ended September 30, 2016 as compared to Rs 123.5 crore for the quarter ended September 30, 2015.

Tata Motors tanked 7.5%. The company has posted a net profit after tax, share of profit of joint ventures and associates of Rs 848 crore for the quarter ended September 30, 2016 as compared to net loss of Rs 1,740 crore for the quarter ended September 30, 2015.

Suzlon Energy rallied 6.7%. The company has posted a net profit of Rs 238 crore for the quarter ended September 30, 2016 as compared to net loss of Rs 202 crore for the quarter ended September 30, 2015.

Reliance Infrastructure slipped 5.7%. The company has posted a net profit after tax, minority interest and share of profit of associates of Rs 571 crore for the quarter ended September 30, 2016 as compared to Rs 426.3 crore for the quarter ended September 30, 2015.

Bank of Baroda climbed 5.7% after the bank posted four-fold rise in net profit at Rs 552 crore for the quarter ended on September 30, 2016, despite increase in bad loans. It had reported a net profit of Rs 124 crore during the same period last fiscal.

Tata Steel fell 5.7%.  The company has posted a net loss of Rs 49.5 crore for the quarter ended September 30, 2016 as compared to net profit of Rs 5,609 crore for the quarter ended September 30, 2015.

Aurobindo Pharma slipped 2.4%.  The pharma company reported 33.5% year-on-year rise in consolidated net profit to Rs 605.64 crore for the quarter ending September mainly on account of robust formulation sales.

BPCL slipped 1.5% after the oil marketing company posted a net profit of Rs 1,305 crore for the quarter ended September 30, 2016 as compared to Rs 1,034.52 crore for the quarter ended September 30, 2015.

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